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U.S. Uncertainty Spurs Safe-Haven Gold Demand

By

Arpan Mukherjee

Sep 29, 2013 11:59 pm ET

Gold’s safe-haven appeal is benefiting as U.S. politicians steer a course toward uncertainty.

At the start of electronic trading on Monday, the price spiked 1.2% from Friday’s close, which was already up 0.8% from a week earlier. The move higher may be a sign of things to come as a couple of deadlines loom in Washington.